FLIR Systems Awarded $6.8 Million Contract for Black Hornet Personal Reconnaissance Systems for Australian Army

WILSONVILLE, Ore., Oct. 10, 2017 (GLOBE NEWSWIRE) -- FLIR Systems, Inc. (NASDAQ:FLIR) has been awarded a $6.8 Million firm-fixed-price order to deliver Black Hornet Personal Reconnaissance Systems (PRS) in support of the Australian Army. The units delivered under this contract will support platoon and troop level organic surveillance and reconnaissance capabilities. The Australian Army previously purchased the Black Hornet PRS for test and evaluation purposes, leading to the awarded contract for full operational deployment after a re-competed tender.

"We are pleased to be selected by the Australian Army to provide this previously non-existent personal reconnaissance technology," said Jim Cannon, President and CEO of FLIR Systems. "This recent contract highlights the increasing demand for the Black Hornet to be incorporated within the operational capability of the world's leading militaries, providing immediate deployable security."

This contract expands the use of FLIR PRS for Army surveillance and reconnaissance programs. FLIR has delivered over 5,000 Black Hornet PRS around the world, reiterating the demand for the relatively new nano-UAV technology offered by FLIR.

FLIR will manufacture the systems in Oslo, Norway. Deliveries will begin in 2018 and be completed within one year. For more information about the FLIR Black Hornet PRS, please visit www.flir.com/blackhornet

About FLIR Systems, Inc.
Founded in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a world-leading maker of sensor systems that enhance perception and heighten awareness, helping to save lives, improve productivity, and protect the environment. Through its nearly 3,500 employees, FLIR's vision is to be "The World's Sixth Sense" by leveraging thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. For more information, please visit www.flir.com and follow @flir.

Forward Looking Statements

The statements in this release by Jim Cannon and the other statements in this release about the contract and order described above are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates, and projections about FLIR's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the ability to manufacture and deliver the systems referenced in this release, changes in pricing of FLIR's products, changing demand for FLIR's products, product mix, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of FLIR to manufacture and ship products in a timely manner, FLIR's continuing compliance with U.S. export control laws and regulations, and other risks discussed from time to time in FLIR's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and FLIR does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLIR Systems, Inc. via Globenewswire